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KCSMMHZ
Nov 11, 2012 5:30pm PST
wondering where the japanese economy is head headed. we have more from the business de desk. what are investors looking at as they start their week? >> a major figure just came out, and it doesn't look too good. we learn that japan's market analysts have had their fears confirmed with the release of new figures the japanese people have experienced negative growth over july to september. that's the first time in three quarters the economy had contracted. cabinet office officials said monday the couldnntry's real gd fell .9% from the previous three months. that's an annual decline of 3.5%. business owners found their exports shrank 5% due to the economic slowdown. consumers spent less by .a5% as auto sales declined. corporate leaders found capital expenditures down 3.2%. analysts expect continued negative growth in the october-to-december quarter as worsening relations with china dampen exports. >>> as we just saw, the latest figures from japan suggest its economy is facing a setback. let's take a look now to see how markets are reacting to this and other news. for that we cross over to
KCSMMHZ
Nov 15, 2012 6:00am PST
transition. president barack obama's administration has watched the chinese economy and military grow and has promised to take a tough stance with china on trade and other economic matters. the obama administration has also closely monitored china's disputes with japan and southeast asian nations over the islands in the east and south china seas. senior officials have refused to take sides. the president announced a year ago he will shift his country's focus to the asia-pacific region. he will have a chance to talk more about that plan over the weekend. obama will begin a four-day tour of southeast asia on saturday. he will be visiting thailand and myanmar and will attend the east asia summit in cambodia. the president promised during his re-election campaign to put more pressure on china to make it meet basic international standards with respect to trade. but analysts say despite his plans the world's top economies are tightly woven together and that interactions will continue. >>> the south korean government welcomed china's new leadership. >> translator: we hope our relationship with c
KCSMMHZ
Nov 8, 2012 6:00am PST
. it was the world's sixth largest economy. and now it's the second largest. and yet, while this nation's ranks of billionaires and millionaires have ballooned, millions still live on about a dollar a day. we asked nhk world's itch taca yamaka to take a look at president hu's accomplishments and the challenges facing the next generation. >> reporter: china has faced many domestic and diplomatic challenges over the past decade under president hu jintao's leadership. >> reporter: hu promoted what he called the concept of scientific development. the policy aims to create a harmon society, even if the process required slower growth. the hu administration abolished a two-year-old tax farmers had to pay based on the size of harvests. it was part of the president's effort to narrow the economic gap between urban and rural areas. hu also worked toward a sweeping consolidation of coal mines and chemical plants, which resulted in a reduction in pollution. but the president hasn't been able to control china's income disparity or corruption among its bureaucrats, and so public anger with the
KCSMMHZ
Nov 12, 2012 5:30pm PST
a turnaround there for the second biggest economy of the world. i'll see how it affects the nikkei today. there's also signs of growth in the u.s. as well. and if leaders there should avoid a fiscal cliff, though we could be getting positive sentiment into the year end. that's a very big focus for financial markets globally as well. domestic issues here in focus. a spat with the political infighting creating a fiscal cliff in japan as well. but investors may get a bit of a breather. party leaders look like they might reach an agreement to allow the government to issue debt covering bonds. and that'll help towards their budget. gdp data on monday in japan showed japan's output shrank 0.9% as well. we'll keep track of that. let's go to the yen. a big issue of course here in japan. 79.47-62. not that much change, but the yen remaining relatively strong. euro/yen 101.14-18. sentiment in the u.s., china. as well as a possible deficit financing bill here in japan, there's still the key matter of earnings. we're not through yet. we're going to have the megabanks due out this week. that'll
KCSMMHZ
Nov 15, 2012 2:30pm PST
back in recession. >> new figures show the eurozon+ economy shrank by 0.1%, the second consecutive drop in output. >> there was some positive news, though -- germany's economy weakened less than many had feared. like france, it just managed to eke out some growth. >> elsewhere in the picture, it was anything but rosy. >> people in southern europe have struggled with years of the zero economic growth -- spain, italy, portugal, and greece have seen rising unemployment and chronic budget shortfalls, but now, economic growth is also slowing in northern europe's industrial economies. in europe's biggest economy, germany, third quarter gdp growth came in at just 0.2%. it was the same figure in france, though analysts had been expecting even weaker numbers. in the netherlands, the economy contracted in the third quarter. one reason is more and more consumers are cutting back on their spending, fearing tough times ahead. another reason is that businesses are also scaling back. manufacturers also anticipate weaker demand from struggling eurozone partners. >> news of the recession did not pu
KCSMMHZ
Nov 13, 2012 6:00am PST
under strict surveillance. as the world's second biggest economy, china's international influence is continuing to grow, but there has been no change in the way it treats citizens who speak out. makoto oda, nhk world, beijing. >>> cradle of culture. economic powerhouse. many enjoy the fruits of pros r prosperi prosperity along the path to a new china. but millions are missing out. at a time of growing public discontent, members of the communist party are choosing their new leaders. "newsline" correspondents are reporting from the party's national congress. don't miss our special coverage, "china: the next generation," 8:00 p.m. japan time here on "newsline." >>> two south korean presidential candidate who is joined forces for next month's election are now thrashing out which one will stand. unaffiliated politician ahn cheol-soo and moon jae-in of the democratic united party struck a deal last week that they won't stand against each other. south koreans have shown in polls that a joint candidate would match the support rate of front-runner park geun-hye from the ruling saenuri party.
KCSMMHZ
Nov 12, 2012 6:00am PST
. sooner or later noda will have to make that decision. >>> china's hu jintao has overseen an economy that's expanded year after year during his ten years as president. but many rural chinese have missed out. they've watched their neighbors get wealthier and wealthier. that's left many seething with resentment. and some are trying to find solace in their faith. nhk world's michitaka yamaka explains. >> reporter: about 300 people live in this village on the yellow river in gansu province. more than two-thirds of the residents work the ground. that includes this man. he lives with his wife. their life is close so self-sufficient. they make less than $100 a year farming. they also receive money from their son. he's a migrant worker 350 kilometers away. but despite the extra money, their annual income is only $500, 1/20th of the average income of beijing workers. he suffers from a heart condition. he makes regular visits to the village clinic. but he says if he were ever to need an operation, it would be impossible. the health insurance from the local government does not cover the cost. t
KCSMMHZ
Nov 14, 2012 6:00am PST
december 16. >> translator: the economy and energy will be part of the focus of the election. our party will make a manifesto and convey our position to voters. i will explain it to the people after i dissolve the lower house on friday. >> the leadup to the decision played out on wednesday. the prime minister said he was ready to dissolve the lower house if the ldp committed to reducing the number of seats in the house by 234ex year. officials campaigning for the general elections starts on may 4. >> translator: lawmakers don't really care, but the people, the prime minister changes like a resolving door. it's better to give the younger generation a chance another leadership. >> prompted the prime minister to act? making te i . >> there's a big disparity in -- he had fwho executions left. but it took some time >> the lead-up to the decision played out in the diet. abe pointed out the prime minister promised in august to call a general election soon if the diet passed bills related to social security and tax reform. abe said the ldp kept its part of the deal and helped the bills be
KCSMMHZ
Nov 13, 2012 2:30pm PST
he would like to focus on the economy, but i think the majority of the journalists will just as more about petraeus and about general allen. the cia had eight directors in the past seven years, and it is bad for the cia, bad for the military, and bad for president obama. >> thanks for that. >> in germany, greenpeace is calling for a fresh start in the search for a long term dump for nuclear waste. >> the environmental group says a new commission should be set up to consider a range of possible sites with maximum input from the public. it says that after years of controversy, the government should give up on the old salt mine that has been the longest running candidate. >> research into weather this underground site is the right place to store nuclear waste started 35 years ago. the protests against it are just as old. greenpeace says it is time to change tack and that the search for a storage site for nuclear waste should start from scratch with greater involvement by ordinary people. >> a permanent storage site can only work if there's a broad consensus and acceptance among the
KCSMMHZ
Nov 16, 2012 6:00am PST
to get back into power. >> translator: we'll regain economic strength. a strong economy will serve as the basis of a reliable social security system. we'll also reestablish diplomatic relations. we'll make relations with the united states more reliable. the japan/u.s. alliance has been weakened under the democratic party government. >> abe says the liberal democratic party is well prepared for the election. he says it has reviewed its principles and streamlined its policies. there were mixed reactions from people around japan. >> translator: we are suffering so much in fukushima since last year's disaster. i don't understand why politicians cannot work together. >> translator: fukushima is slowly but steadily is moving forward in its recovery. it would be regrettable if the momentum slows in the coming weeks. >> translator: i've been looking for a job for two months. i just want the government to create more jobs. >> a business leader expressed his hopes. >> translator: the private sector is trying its utmost to survive. we hope politicians will create a society and nation where th
KCSMMHZ
Nov 9, 2012 6:00am PST
appeared to show that the country's economy has started getting traction again. china's national bureau of statistics says industrial output climbed over 9% last month from a year earlier. it was the second straight month of gains. the pace of growth was 0.4% faster than in september. meanwhile, retail sales were up more than 14%. the increase was 0.3% more than in the previous month. earlier in the day, china announced that the consumer price index, or cpi, rose 1.7% from a year earlier. that's the slowest pace since january 2010. officials say the small increase is due to moderate gains and food prices. the latest data come out one day after people's bank of china governor noted that some recent economic data were starting to show signs of recovery. he hinted that the central bank would not take extra monetary easing measures, at least for now. >>> senior officials from japan and north korea have agreed to sit down to gather next week in mongolia's capital, ulan bator. dialogue between tokyo and pyongyang resumed in beijing in august for the first time in four years. japan will
KCSMMHZ
Nov 16, 2012 2:30pm PST
good relationships concerning the economy and trade, and germany as russia's a second largest trading partner in the world. even on this day in moscow, several contracts have been signed worth several billion euro. despite all the differences, germany and russia are trying to keep good relations here. >> thank you for that update from marco. >> a war crimes court has overturned the conviction of two high-profile croatia and general sentenced for atrocities against serbians. >> there has been a furious outrage. >> and now a free man. the appeals chamber found the former croatian troops general was not personally not responsible for crimes committed at the end of the croatian war. they expressed satisfaction a. >> it is a fantastic day for criminal-justice and a fantastic day for the history. the appeal judgment shows the original conviction was completely wrong. cut stems from a 1995 incident with -- where the ethnic serbs were located. the croatian army bomb cities as part of an offensive to take the region back. many civilians died, tens of millions fled. in december 2005 investigato
KCSMMHZ
Nov 9, 2012 2:30pm PST
the economy is picking up. and consumers in the united states, the confidence level is up the highest level it has been in five years. >> we will stay for a look at the numbers in the dax. down by 0.6% on the final trading day of the week. across the atlantic on wall street coming the dow jones also flat. the euro trading at a value of $1 u.s. -- u.s. $1.2712. >> the first round of budget talks have failed to produce an agreement. european parliament is pushing for a 7% increase in spending and more money for a supplementary budget this year. germany, france, and britain want to limit increases to less than 3%. the negotiations will continue next week. >> more business news coming later in the show including economic and is from china and the once in a decade leadership change. the strongest european economy is beefing up their welfare state. parliament has approved a contentious new subsidy for stay at home parents. opposition parties have criticized this scheme as promoting outdated ideas about families in an age where it's increasingly common that both parents work. >> afte
KCSMMHZ
Nov 12, 2012 2:30pm PST
press conference, she sang in the praise of the prime minister's efforts to reform the economy. >> i think the prospects have a markedly improved as a result of the reform program and the government's bold actions. >> many in portugal have lost faith in european leaders. antagonism towards the heads of the german and portuguese governments has reached new heights. >> the way they treat us is a joke. he is no more than merkel's puppet and what they're doing is just wrong. the sacrifices we are being asked to make our a reasonable. "she is just one of many voices calling on them to live within their means but many face an uncertain future with increasing poverty levels and they are determined to resist any more economic pain. >> as we just saw, the portuguese austerity measures are not very popular. we asked our correspondence much and she had today to convince the portuguese of the need for continued austerity. >> she said she is here to see firsthand how the process is going on. her colleague told her about the process and of course she was already a winner of the statistics sh
KCSMMHZ
Nov 14, 2012 2:30pm PST
is growing. spain's economy is set to shrink by another 1.5% this year. there were similar scenes in several metro stations where hundreds of protesters face rows of officers. metro services have been largely suspended, and only 20% of long- distance trains are running. schools and many shops are also shut down. spain's general workers union says the nationwide stoppage is being observed by nearly all workers in the automobile, energy, shipbuilding, and construction industries. >> they are taking all our rights away -- all our rights. the banks and other business people are bringing us onto the streets. they are stealing our salaries. we do not have any rights anymore. >> hundreds of flights have been canceled across europe. in the portuguese capital, lisbon, many face long waits with nearly half of all flights canceled. >> we arrived at 9:00 in the morning, and we have to wait until 9:00 in the evening. public transport is not working, either, so we are stuck. it is a shame. >> access to ferry service has also been blocked. >> we are witnessing the biggest strike portugal has ever s
KCSMMHZ
Nov 8, 2012 2:30pm PST
vice president may be unfazed by party politics, but keeping china's economy on track will put his integrity to the test when he takes over as president in march. >> to talk more about what is going on in china, i am joined by the asian analyst from the german council on foreign relations. what i think is interesting is the chinese president morning that if the party does not tackle corruption and get rid of corruption within the party that it threatens to bring down the party and the state. is that possible? >> good in town is better than anyone about the social problems of this country, and that is perhaps the biggest time bomb in china these days. corruption is one of the major reasons, pushing public criticism against corruption. he knows i've the party is not able to deal with this problem, it might sooner or later run into severe trouble. >> that is a message for everyone inside the party. everything is so opaque. there's no way for us to gauge how corrupt the system is, the party is there. basically, he is telling people -- get things in order behind closed doors or else the
KCSMMHZ
Nov 12, 2012 9:30am PST
economies get shaken up. here's what we have in today's program. dream over -- why many latin american immigrants are giving up on a better future in spain. shifting ground -- how kenya's new middle class is changing the country. and saving the soil -- how farmers in georgia are fighting against erosion. when you board a plane from spain to latin america, apart from tourists and business travelers you will find two types of emigrants on board. young spaniards seeking a bright new future in emerging economies like brazil or chile. and latino immigrant families who are giving up on their hope of a better life in europe. and they are all fleeing the same thing -- a debt crisis that for ordinary people only ever seems to get deeper. and so spain has been losing people by the thousands every month since the housing bubble burst in 2008. many of these immigrant families considered spain their home -- now many feel they have no choice but to get out. >> a scuffle in front of a bank in madrid. a group of activists push their way through the door, and then the protest begins. they've been laid
Search Results 0 to 16 of about 17